Friday, January 21, 2011

"The real danger is not starving families with low wages, but locking them out of the economy altogether. If the minimum wage gets too high, there is no way for low-skilled workers to take their first step into the work force. What’s worse, there are many government regulations that are tending to compound the effect of the minimum wage, raising the price of hiring workers. Obamacare, for example, will effectively raise the minimum wage by adding an expensive minimum benefits package every worker must be given."